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Discussing the goldmine of data that today’s technology has created, the Central Intelligence Agency’s Chief Technology Officer Ira “Gus” Hunt on Wednesday said the spy agency tries to “collect everything we can and hang onto it forever.”

Hunt was speaking at GigaOM’s Structure:Data conference in New York City when he openly admitted the CIA is compiling everyone’s tweets, messages, videos and more. And yes, it’s on purpose.

“The value of any piece of information is only known when you can connect it with something else that arrives at a future point in time,” Hunt said. “Since you can’t connect dots you don’t have, it drives us into a mode of, we fundamentally try to collect everything and hang onto it forever.”

Hunt’s comments come two days after Federal Computer Week reported that the CIA has committed to a massive, $600 million, 10-year deal with Amazon for cloud computing services. The agency has not commented on that report, but Hunt’s speech, which included multiple references to cloud computing, indicates that it does indeed have interest in storage and analysis capabilities on a massive scale.

The CIA is keenly interested in capabilities for so-called “big data” — the increasingly massive data sets created by digital technology. The agency even has a page on its website pitching big data jobs to prospective employees.

Hunt acknowleded that at some scale, data storage becomes impractical, adding that he meant “forever being in quotes” when he said the agency wants to keep data “forever.” But he also indicated that he was interested in computing capabilities like 1 petabyte of RAM, a massive capacity for on-the-fly calculations that has heretofore been seen only in computers that simulate nuclear explosions.

He referenced the failure to “connect the dots” in the case of Umar Farouk Abdulmutallab, the “underwear bomber” who was able to board a plan with an explosive device despite repeated warnings of his intentions. In that case, a White House review found that the CIA had all of the data it needed to identify the would-be bomber, but still failed to stop him. Nevertheless, the agency does not seem to have curbed its ambitions for an endless amount of data.

Hunt said it is “really very nearly within our grasp to be able to compute on all human generated information.” This, he explained, would allow the CIA to analyze digital breadcrumbs people don’t even realize they are leaving behind.

“You are aware of the fact that somebody can know where you are at all times, because you carry a mobile device, even if that mobile device is turned off…You know this, I hope? Yes? Well, you should,” he added.

What about Americans’ privacy rights? Hunt said technology is moving faster than the world can keep up.

“You should be asking the question of what are your rights and who owns your data.”